15 Mohnish Pabrai Quotes for You to Enjoy

Mohnish Pabrai

Indian Businessman

Born: Jun 12, 1964

About Business Good People Think You

Related authors: Dinesh Paliwal Kallam Anji Reddy N. R. Narayana Murthy Naveen Jain Punit Renjen Rajeev Suri Ratan Tata Saroo Brierley

Talking to people is beneficial if you can identify the right people to share ideas and discuss decisions because everyone has blind spots, and others can sometimes catch yours. I think an investment team is a bad idea, but it is a good idea to talk to trustworthy individuals who do not have biases or interests. Mohnish Pabrai

Good You People Sometimes Think Others Right People Beneficial Everyone Bad Bad Idea Share Investment Catch Individuals Idea Ideas Talk Biases Identify Blind Talking Because Spots Trustworthy Discuss Decisions Interests Team Yours Who Right Good Idea

Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches. Mohnish Pabrai

We Americans love original ideas. But truly, there are already plenty of good ones out there, ours for the taking. If I were too proud to copy the ideas of others, I likely wouldn't have even a fraction of my current success. Mohnish Pabrai

I have a hard time getting past the day without the nap, so the nap is a must. Mohnish Pabrai

Time Day Past Must Nap Without Getting Hard Hard Time

You don't make money when you buy stocks. And you don't make money when you sell stocks. You make money by waiting. Mohnish Pabrai

Buy You Waiting Money Make Sell Stocks

What is John Arriaga's circle of competence? Is it real estate? No! Is it U.S. real estate? No! Is it California real estate? No! Northern California real estate? No! Only real estate around Stanford. His circle of competence is this small. Mohnish Pabrai

Real Estate Circle John Only Small California Around Real His Northern Northern California Estate Stanford Competence

The good news in investing is there are no HR problems. If there are no humans, there are no problems! Mohnish Pabrai

Good News Problems Good News No Problems Investing Humans

The problem most nonprofits have is that they are run by romantics who are great to hang out with, but they have no clue. Mohnish Pabrai

Great Problem Out Run No Clue Most Hang Romantics Clue Who

To the extent societal rules or the wiring of your brains make it easy to acquire a lot of assets, then to the extent you can, you should try to improve the world. Mohnish Pabrai

You World Try Rules Easy Wiring Make Lot Brains Improve Acquire Then Should Your Assets Societal Extent

The good thing about getting wealthy is we don't need to understand a lot of things! Mohnish Pabrai

Good Wealthy About Good Thing Understand Lot Getting Thing Things Need

One might think of investment managers as astronomers and CEOs as astronauts. The two roles are radically different with distinct personality traits. Like astronomers, investment managers tend to be introverted, skeptical, and very analytical. CEOs, like astronauts, are the exact opposite, typically being extroverts, optimists, and, well, leaders. Mohnish Pabrai

Personality Think Analytical Distinct Astronauts Exact Exact Opposite Introverted Tend Investment Leaders Like Well Opposite Very Optimists Roles Traits Managers Being Different Skeptical Might CEOs Radically Two

The stock knows that I bought it, and it decides, 'Mohnish is done. Now let's go down.' Mohnish Pabrai

Down Bought Knows Go Stock Done Decide Now

The government has to be flexible in Air India sale price, structure, and employee management plan. Mohnish Pabrai

Government Management Air India Structure Price Employee Sale Plan Flexible

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